California annuity sales rule on hold after industry outcry

June 28, 2023 by John Hilton

California legislators were “one step away from all sorts of very onerous requirements” with its proposed annuity sales rule, according to one industry analyst.

The annuity sales bill passed the California Senate in May with no opposing votes at the committee level or from the floor. Since then, the bill attracted plenty of attention from industry lobbyists and is in the Assembly Insurance Committee.

Click HERE to read the full story via INN

Originally Posted at InsuranceNewsNet on June 22, 2023 by John Hilton.